industrial in NE11

Octavian Way, Gateshead, Tyne and Wear, NE11 0HZ

£400,000

Alternatively call 0191 580 1587 or email commercial@pattinson.co.uk

  • Fully tenanted investment
  • Steel frame industrial unit
  • NIA 377sqm (4,058sqft)
  • Excellent road and transport links
  • Parking spaces available
  • Let for £15,000 + VAT per annum

industrial in NE11

The subject property is a steel frame industrial unit with parking, located in the ever popular Team Valley industrial estate. The unit is currently tenanted for £12,000 per annum (increasing in years 2 and 3), making an excellent investment opportunity.

Summary

  • Property Type: Industrial
  • Tenure: Leasehold
  • Parking: Allocated

Location

The property is located within Team Valley Trading Estate situated adjacent to the A1, just south of Gateshead and approximately two miles south of Newcastle City Centre. The estate is a commercial centre for the area and home to a number of major national occupiers. The estate has excellent transport links offering access to bus routes and excellent road links north and south bound via the A1.

Accommodation

The subject property is an industrial unit consisting of a warehouse, office and storage facilities, W.C. and parking.

GIA: 270 sqm (2,906 sqft)
NIA including mezzanine approximately: 377.36sqm (4,062sqft).

Lease Terms

Unit let on a five year term which commenced on 1st August 2019.
Year 1: £12,000 Per Annum
Year 2: £15,000 Per Annum
Year 3-5: £18,000 Per Annum

Tenure

The property is to be sold on a long leasehold basis 125 years from September 1988. Title number TY237419.

Rateable Value

The adopted rateable value is £15,500 as of 1st April 2017.
Sourced from VOA.

EPC

Available upon request.

VAT

We are advised that VAT is applicable on this transaction.

Additional Information

For further information please contact our office direct on 0191-425-1507, or alternatively via e-mail on commercial@pattinson.co.uk. With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.